公司交叉持股的会计问题研究  

Accounting Issues Related to Cross-Shareholdings of Companies

作　　者：朱开悉[1] 

机构地区：[1]湖南商学院会计学院,湖南长沙410205

出　　处：《审计与经济研究》2011年第2期73-80,共8页Journal of Audit & Economics

基　　金：湖南省自然科学基金项目(09JJ6104);国家自然科学基金项目(70572108);湖南省社科联项目(0803040A);湖南省社会科学基金项目(2010YBA130);湖南省教育厅重点科研项目(06A033)

摘　　要：金融危机引发了投资者对交叉持股现象的关注,但学术界对交叉持股会计问题的讨论还没有深入。财务报告改进的基本目标是着眼于用户需求,将企业价值的未来估计包含在今天的财务报告中。公司交叉持股对公司价值、财务影响及改进的模型表明,如果资产重估增值计入公司利润,则公司价值将出现虚假增长,股市泡沫将无法避免。改进的基本方法是将资产重估增值计入公司资本变动而非损益变动,从而使股东权益更好地反映股票价值。此时,理论分析表明托宾Q将趋近于1,从而真正实现企业价值报告革命。Financial crisis sparked the investor＇s concern over the issues of cross-shareholdings of companies.But the academic research on accounting concerning cross-shareholdings has not been thoroughly explored.The primary objective of improving the financial reporting includes the future estimates of enterprise value about the present financial report,with focus on the users＇ needs.Based on the discussion of cross-shareholdings phenomenon,this paper analyzed the impact of cross-shareholdings on enterprise value and corporate finance,and proposed some suggestions and research implications for perfecting the accounting standards concerning cross-shareholdings.If asset revaluation increments were counted in the enterprise profits,enterprise value would fictitiously increase and the stock market bubble would become inevitable.The basic method for improvement is to include the asset revaluation increments into the capital change rather than profit change of an enterprise,therefore,shareholders＇ equity will better reflect the stock value.At this point,the theoretical analysis demonstrates that Tobin Q will approach 1,which means a revolution of real enterprise value report will be achieved.

关 键 词：交叉持股 公允价值 公司价值 企业价值报告 会计准则 

分 类 号：F230[经济管理—会计学]